Mid-year is best time to purchase cars in 2007

By Du Xiaoli (chinadaily.com.cn)
Updated: 2007-01-15 08:50

Special coverage: Auto 皇冠体育app 2006
Related publication:
Related readings: Passenger car to see fast growth Boom in passenger car sector expected 皇冠体育app's passenger car sales boom in April

There will be 50 new passenger car models launched in 2007, the same number as in 2006. However, there will be more entirely new models in 2007 than in 2006, according to the 皇冠体育app Automotive News.

New models are divided into two types: entirely new models and models for the year. The entirely new models will feature newly-designed car bodies and improved key assemblies such as engines, chassis and transmissions. Most models for the year will only add several fittings to former models and incorporate slight changes in appearance. The entirely new models are often highlighted in the media and listed as the most competitive models.

The new model launch density saw an unprecedented rise in 2006, the first year of the 11th Five-Year Program. Passenger car consumption boomed on a background of quick expansion of social fixed assets investment scale in the first half of 2006. There were less new models in the second half of 2006. The social fixed assets investment represented by the real estate industry witnessed a lower growth rate and new model consumption also experienced stable development.

......

The full text is available in the .

(For more biz stories, please visit )